AGA hails Senate passage of $2tn disaster aid bill
The American Gaming Association (AGA) has hailed the passage of the Coronavirus Aid, Relief, and Economic Security (CARES) Act through the US Senate, saying it would help prop up the gaming industry during the novel coronavirus (Covid-19) pandemic.
The American Gaming Association (AGA) has hailed the passage of the Coronavirus Aid, Relief, and Economic Security (CARES) Act through the US Senate, saying it would help prop up the gaming industry during the novel coronavirus (Covid-19) pandemic.
AGA president and chief executive Bill Miller urged the US House of Representatives to move quickly to pass the legislation, which would allow the bill to progress to President Donald Trump.
The president has already pledged to sign the bill as soon as possible.
The bill, introduced by Kentucky Senator and Senate Majority Leader Mitch McConnell, comprises a $2.00tn (£1.68tn/€1.83tn) stimulus package for people, states and businesses affected by the pandemic.
This includes emergency loans for distressed businesses, including air carriers, for whom aviation taxes are also suspended. Bridge loans for small businesses, as well as grants and technical assistance, will be provided.
It will also make tax rebates of $1,200 available for individuals, with additional payments of $500 per qualifying child, and limits on requirements for employers to provide paid leave. The rebates available decline based on an individual’s salary, from $75,000 and above.